The U.S. Securities and Exchange Commission (SEC) has arrested 17 individuals in connection with a Ponzi scheme that bilked $300 million from 40,000 victims.The SEC said in a press release that the defendants targeted Latino communities in 10 U.S. states and two countries, and that they persuaded investors to invest their money in cryptocurrencies and other assets when that was not the case.In total, the SEC filed charges against 17 defendants charges were filed, of which others were reached and settled.